https://www.taxtmi.com/forum/issue?id=2053 Borrowing by an overseas branch of an Indian company is regulated by the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000; generally an overseas branch cannot borrow from a foreign bank or other person abroad, but may borrow from an overseas branch of an Indian bank. A branch outside India may borrow from a bank outside India for execution of turnkey or civil construction contracts or for exports on deferred payment terms, provided it complies with the terms and conditions of the authority that granted approval under the Foreign Exchange Management (Export of goods and services) Regulations, 2000. en-us Wed, 14 Jul 2010 13:23:52 +0530 Thu, 23 Jan 2025 15:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2053 Borrowing by an overseas branch of an Indian company is regulated by the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000; generally an overseas branch cannot borrow from a foreign bank or other person abroad, but may borrow from an overseas branch of an Indian bank. A branch outside India may borrow from a bank outside India for execution of turnkey or civil construction contracts or for exports on deferred payment terms, provided it complies with the terms and conditions of the authority that granted approval under the Foreign Exchange Management (Export of goods and services) Regulations, 2000. Discussion-Forum FEMA Wed, 14 Jul 2010 13:23:52 +0530 https://www.taxtmi.com/forum/issue?id=2053